ABSTRACT

The interpretation of is two-fold: either the resource i grows and then is harvested for the benefit of the players or the consumption of this resource grows and is 'harvested' by supplies produced by the players. More generally the same applies to management of any renewable resource like forestry, agriculture, etc. Examples typical for the supplied consumption case are obtainable when modelling the market situation created by the demand of various population groups for water, electricity, coal, oil, housing, and medical service 'harvested' by supplies from the corresponding industries which compete in the market. The dynamic game approach has already been applied to the harvested growth problem, taking the price as a known constant. Independently, the oligopolistic market dynamics generalized by, has been investigated with the use of differential games. To provide tools for the identification and the objectives, the theory of nonlinear dynamic observers will be used together with the Liapunov formalism.